Ideas for a 1031 Exchange

[Aubrey P.]

I own a ski condo in Colorado, which generally breaks even as a rental, but is more for family skiing than anything else. That said I think it’s more advantageous to sell and invest in another property where I can get cash flow now. Also, other condos on the same floor are selling for $600-650K.

I moved to Washington DC and would like ideas on how to buy something there and generally ideas generally on 1031 exchanges. I'm open to small commercial properties under $1.2M, multifamily properties, or a nice rowhouse, within the city or close in exurbs (Arlington, etc.) to rent out. It's very hard to find a multifamily in a decent areas in DC proper. I could look to Ward 7 or 8 and consider the advantages of an Opportunity Zone property...but I'd rather stay in a more desirable location.

Anyone have any good ideas? It ain't 1982 anymore and you're not going to find a rowhouse on the Hill for $50K, but any input is helpful. Maybe a condo to rent?